Bridgeport Hospital Foundation Inc

Analysis

Bridgeport Hospital Foundation Inc is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in October 1988, 38 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Bridgeport Hospital Foundation Inc reported income of $12.6m and spending of $5.8m, leaving 54% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $8.3m to $12.6m (+51%), an average of +11% a year. The sharpest change came in the year to September 2021, when income rose by 24%. Over the whole period it spent 65% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bridgeport Hospital Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within CT. Charities of a similar size with the same main cause include South Side Healthy Community Organization Inc ($12.6m), Center for Alcohol & Drug Treatment Inc ($12.6m) and North Carolina Alliance of Public Health Agencies Inc ($12.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 44% of the total. Other salaries and wages came to $888k. At year end it held assets of $122.2m against liabilities of $1.5m, net assets of $120.7m.